BT Group plc (LON:BT.A)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a research report issued on Wednesday. They presently have a GBX 450 ($5.86) target price on the communications services company’s stock.
Several other research analysts have also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) set a GBX 340 ($4.43) price target on shares of BT Group plc and gave the stock a “neutral” rating in a report on Wednesday, June 21st. Citigroup Inc. reissued a “buy” rating on shares of BT Group plc in a report on Monday, May 15th. Macquarie raised shares of BT Group plc to an “outperform” rating and increased their price target for the stock from GBX 270 ($3.52) to GBX 330 ($4.30) in a report on Wednesday, June 28th. BNP Paribas set a GBX 260 ($3.39) price target on shares of BT Group plc and gave the stock a “sell” rating in a report on Thursday, May 25th. Finally, Deutsche Bank AG reissued a “sell” rating and set a GBX 265 ($3.45) price target on shares of BT Group plc in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 352.75 ($4.59).
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In related news, insider Sean Williams sold 18,945 shares of BT Group plc stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of GBX 313 ($4.08), for a total transaction of £59,297.85 ($77,220.80). Also, insider Sir Michael Rake bought 593 shares of BT Group plc stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of GBX 303 ($3.95) per share, for a total transaction of £1,796.79 ($2,339.87). Insiders have purchased a total of 111,129 shares of company stock worth $31,371,903 in the last 90 days.
BT Group plc Company Profile
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